min rant on chargebacks

Discussion in 'Community Discussion' started by dukebound85, Oct 17, 2010.

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  1. dukebound85, Oct 17, 2010

    dukebound85 macrumors P6

    dukebound85

    Joined:
    Jul 17, 2005
    Location:
    5045 feet above sea level
    #1
    How come when you pay with a debit card, the charge goes through and it is withdrawn from your bank account almost instantly but when you return something, the refund credit takes ages to show up?

    In my situation, last week I bought a copper 4 pass. I decided to upgrade to a season pass afterwards. I have been charged for both a season and a 4 pass and got a receipt for a refund for the fourpass that I had upgraded from but has yet to be reflected in my account

    Not very cool imo

    How long should it take for credit to be reflected in your bank account?
     
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  2. Mac'nCheese, Oct 17, 2010

    Mac'nCheese macrumors 68040

    Mac'nCheese

    Joined:
    Feb 9, 2010
    #2
    How about this one: when I transfer money from my boa account to my wives, the money leaves my account asap but takes a day or two to get to hers.
     
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  3. Rodimus Prime, Oct 17, 2010

    Rodimus Prime macrumors G4

    Rodimus Prime

    Joined:
    Oct 9, 2006
    #3
    which is a reason why I do not use debit cards for big purchases. That way I am not the one having to float the charges while the money sits in limbo.
     
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  4. squeeks, Oct 17, 2010

    squeeks macrumors 68040

    squeeks

    Joined:
    Jun 19, 2007
    Location:
    Florida
    #4
    That is a very good reason NOT to use a debit / check card. Someone can steal it, drain your bank account, and it will take several days to get put back, in the mean time you are out of cash.

    I have a better question. Why s a retailer, are we charged a different % for each and every type of credit / debit card? Corporate Debit cards being the highest percentage almost 4% over 1.5 % for a basic consumer debit card.

    Ah the joys of using credit.
     
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